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Foreign currency markets have always been a popular trading ground. However, towards the end of summer the picture looked oblique since volatility in exchange rates (rate of fluctuation in price) has been dropping, something that means less profits for traders. New regulations and restrictions as well as additional attention on the currency markets by regulators seems to be one of the causes for this. More over, low interest rates due to the recent crisis mean that currencies are not experiencing much change and have essentially flat lined. Most floating exchange rates appear to me fixed. This means lost revenue to banks and traders dealing in these markets.

Naira down almost 4 percent this year as oil prices fall. Due to a recent fail of major Nigerian banks lending of US dollar his high. The Central bank is trying to ease the pressure on the Naira but putting tighter regulations in place when it comes to borrowing foreign funds. This may be an attempt to reduce demand for dollar and decrease supply of Naira.